Predicting rent movements in New Zealand has never been simple, but by mid-2025, several trends have emerged that provide clarity for investors. Average national rents remain stable, but the real story lies in regional variation. Provinces like Hawke’s Bay, Manawatū, and Northland are seeing renewed growth, while some high-density city suburbs are adjusting downward.

According to Tenancy Services’ market rent data, rent levels are influenced less by macroeconomic factors and more by micro-location variables — proximity to transport, amenities, and property quality. Properties that meet Healthy Homes standards, have energy-efficient heating, and are recently refurbished consistently command higher rents than comparable non-compliant homes.

At Capital Resources Limited, we’ve observed that tenant expectations have matured. Today’s renters are well-informed and comparison-driven. They scrutinise insulation, heating, and even ventilation quality before signing a lease. This behavioural shift reinforces a truth many landlords overlook: the best way to raise rent sustainably is to raise quality first.

Future rent growth is likely to remain modest but steady, following inflation and wage movements. However, the premium gap between standard and Healthy Homes-compliant properties will widen. Investors who align with compliance, maintenance, and presentation excellence will retain pricing power.

By monitoring official bond data and private rental listings, Capital Resources identifies emerging rental patterns early — ensuring our clients and partners are positioned where demand remains resilient and yields stay competitive.

Quality, not speculation, is the cornerstone of rent growth in modern New Zealand. And that’s where strategic landlords will continue to thrive.